Friedrich Hayek: The Free-Market Man Who Shaped the Modern World


Friedrich von Hayek was one of the 20th century’s great intellectual figures. His economic and political philosophies helped undermine the Soviet bloc and influenced right-wing policy makers such as Margaret Thatcher and Ronald Reagan. Hayek believed free markets rather than government spending would promote economic growth and his 1944 book ‘The Road to Serfdom’ was a powerful critique of the planned economy. In 1974, he was awarded the Nobel Prize in Economic Science. Few modern thinkers can rival Hayek’s impact on public life. Sotheby’s will present the Nobel Prize and Family Collection of Friedrich von Hayek in an online auction from 8 – 19 March. As well as Hayek’s Nobel Prize, the collection includes his Presidential Medal of Freedom, his annotated copy of Adam Smith’s ‘Wealth of Nations’, early editions of his works, signed photographs and other personal belongings. Click here to watch more Sotheby’s videos.

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